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Twelve-time NBA All-Star guard Dwyane Wade is nearing a commitment to sign with the Cleveland Cavaliers and could finalize his decision as soon as Wednesday, league sources told ESPN.

Wade, who agreed to a contract buyout with Chicago, will clear waivers on Wednesday and become an unrestricted free agent. Wade has been intrigued by the idea of rejoining LeBron James on the Cavaliers. Wade and James are longtime friends and won two championships and made four trips to the NBA Finals as teammates on with the Miami Heat.

Wade, 35, is eligible to sign a one-year, $2.3 million veterans minimum contract with the Cavaliers.

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Prince Malachi is the founder of The Oracle Network and the Streetwear brand Y.A.H. Apparel

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